More than 1.16 trillion SHIB was moved out of Coinbase-linked wallets in a rapid series of large transfers — and the meme coin community is buzzing. The tokens shifted in three big hops within minutes, yet the price remained stuck near multi-year lows before a slight bounce.
The One-Trillion Transfer Mystery
Blockchain trackers flagged the massive outflows from Coinbase-related addresses. Because the moves didn’t appear to hit open order books, most observers believe this was internal wallet rebalancing or cold-storage management rather than aggressive buying or selling. Still, the sheer size of the transfer was enough to put SHIB back on traders’ radars.
Exchange Outflows Keep Climbing
Separately, blockchain venues show a net 74 billion SHIB has been withdrawn from centralized exchanges in recent days. This trend is often read as a sign of reduced near-term sell pressure as holders move coins into self-custody. Whether it’s true accumulation or just wallet reshuffling remains unclear.
Shiba Inu’s Charts Still Look Heavy
Despite the on-chain noise, technical analysts say SHIB remains trapped in a broader bearish structure. The token continues trading below key moving averages, and a clean break above major resistance is still needed for any meaningful reversal. Market-cap ranking has been fluctuating around the top-30 edge after a period of weakness.
Big Coinbase transfers and exchange outflows are keeping SHIB in the conversation, but the price hasn’t responded yet. In the effervescent world of meme coins, headline-grabbing moves often create more questions than answers. Until demand actually shows up and resistance breaks, these trillion-token shuffles are more noise than signal.
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